Zuckerberg is scheduled to appear before a joint hearing of the
Senate Judiciary and Commerce committees Tuesday starting at 2:15
p.m. ET before testifying in front of the House Energy and
Commerce Committee on Wednesday. The hearings will allow members
of Congress an opportunity to get a sense of Facebook's privacy
problems - and what can and should be done about them.

Facebook shares have been rocked since news of the scandal first
surfaced on March 18. Since then, they have lost more than 14% of
their value and $79 billion in market capitalization.

And while the scandal has weighed on Facebook shares, users are
staying on the platform.

Ad

"Despite the noise of Cambridge Analytica, time spent on core
Facebook has not waned in the days following the announcement,"
the Jefferies analyst Brent Thill
said in a note to clients Monday. "Compared to March 2017,
time spent is up on average by 15% for the month of March 2018."